Harbour Energy Share Discussion Threads

[jfreshfield] 28/4/2020 18:33

Interesting new shell for Covid I reckon - see board called Covid 19 shell

[ammu12] 28/4/2020 18:32

Where is dean?

[stansmith3] 28/4/2020 17:44

worldwide storage soon to be exhausted, market balance is finally with us

wouldnt bet on the low oil price environment being short lived however...

[excellance] 28/4/2020 16:17

This'll probably get taken over.

[excellance] 28/4/2020 16:10

Dipped in today. Not entirely convinced about finance but I think the low oil price environment will be short lived, so hopefully this will recover quickly.

Better paying 26.5p than 110p

[steve73] 28/4/2020 12:56

Thanks roger - that's perfect. I'll add it to the header.

It does look as if the GP has dropped since last years 40-50p to around 30 end '19, then lower to 20's early this year, and lower again since lockdowns to 15ish.

Humm... I wonder what Tolmount breakeven was based on - although I'd have expected them to have hedged much of that - or a take or pay contract. Maybe we don't want Dana's share afterall...?

[rogerlin] 28/4/2020 11:56

Not sure this is entirely clear to me but it gives some figures.

[sikhthetech] 28/4/2020 11:02

Having previously held RKH years ago, I have taken a punt here and RKH.

[binarypilot] 28/4/2020 10:08

Stan,
That artBerman article was a good, if scary, read. Thanks for posting.

[steve73] 28/4/2020 10:03

thanks roger.... I'd forgotten the additional Tolmount.

UK Gas prices shouldn't be affected quite as much as the OP, since it's mostly used for electrical generation (and home consumers) so consumption COULD be higher with the lock-downs. But I've not looked too closely at UK gas forward prices... if such even exists. Anyone..?

[rose_by_another_name] 28/4/2020 09:22

The hedge will take it through to better times.

[onjohn] 28/4/2020 09:18

looks finished once the hedge runs out

[rose_by_another_name] 28/4/2020 09:10

I hold the bond (not the shares). I believe the
term of the bond was to be extended and the
interest rate raised (8.5%?).

I originally bought the bond at 60% of face value
in an earlier period when it was down on fears of
default, as indeed it is right now. At that time
it was a Questor tip.

[rogerlin] 28/4/2020 09:00

Had to look back at this for the details. The Tolmount deal with Dana might still be reasonable as it is gas and not yet in production. The BP part indeed doesn't look so good now.

Was there not a variation in the terms of the retail bond in this somewhere?

[steve73] 28/4/2020 08:41

I would certainly hope the current oil outlook would have a bearing on the court's decision, or if not, on PMO's offer price.

All these older assets (probably) have much higher costs and I would expect them to mostly (all..?) to be cash negative at today's oil price.m line. If the current situation continues for much longer, and the prognosis is for more of the same, I'd expect the sellers would be glad for us to take them off their hands for a song.

But is it too late to renegotiate the price? And more importantly, will we be able to renegotiate our debts (with or without them)?

[rogerlin] 28/4/2020 07:38

Court approval of the schemes is required to provide lender consent for the announced UK North Sea Acquisitions, related funding arrangements and extension of Premier's credit facilities. Premier will provide a further update to the market once the Judge has made her decision.

Why is this taking so long? Does the Judge rule simply on the legality of the schemes or does the changed outlook for oil have any bearing on the decision?

[stansmith3] 28/4/2020 06:37

andynow it makes sense, marky is betting on poo rises but has chosen pmo over the many other vehicles...as for it rising, it may well do, but when the market hits balance for the first time in years by virtue of shut ins and every available bucket in the world is full of oil - whats going to happen?will shale allow those buckets to drain or will they keep playing swing? will the assumed bankruptcies prevent shale meeting that need? place your bets

[andypop1] 28/4/2020 01:01

Marky,
All cash for the foreseeable.
What makes you think oil will be $40-$50 by year end?
The futures contracts are not suggesting that.

Here's one for you, I've booked and paid for me and my family to have a fortnight in the Carribean for my 50th, we are due to fly on the 18th of July, will we be going?

[markymar] 28/4/2020 00:17

Andy what is your postion at momen?Are u buyer or seller or neitherOil will be 40 to 50 end of year

[andypop1] 27/4/2020 23:32

On a more positive note before the Brent June delivery contract officially rolls over later this week, if any of you have any questions on the recent presentation IR will be happy to respond. I was lucky enough to catch big Tone answering emails this weekend, thank you.

[andypop1] 27/4/2020 23:12

Rose,
It would make perfect sense to buy the oil and it would cost the US administration very little relative to what the China virus is costing them, let's hope now Boris is back our main parties work together and don't go down the political points scoring road like we are seeing in the States.

Jack,
Bankruptcy?

adg,
We know you have a life and a very good one as you keep pointing out, that begs the question why you feel the need to gamble on a stock like this?

The mid May update should be interesting.

Good luck all.

[adg] 27/4/2020 22:37

And your point is ?
I have a life and you obviously have nothing but a sad angry resentful world of toxic caustic bitterness pathetic sycophant Stan the man stalker
Get your head out of Andy’s butt you weird sick sad pathetic little man and Andy shame on you for encouraging it our resident troll
Say something useful Stan
Say something positive Stan
Say something worth while Stan
Say something pleasant Stan
Say something of note Stan
Say something of value Stan
Say something people want to hear Stan
Say something meaningful Stan
Stan oh Stan oh worthless Stan the sycophantic sad excuse of a man (who stalks males)

[stansmith3] 27/4/2020 22:11

https://www.artberman.com/2020/04/27/game-over-for-oil-the-economy-is-next/